Glossary Archive

The Estate Tax Portability Election is a provision that allows a deceased individual's unused estate tax exemption to be transferred to their surviving spouse, thereby potentially increasing the surviving spouse's estate tax exemption. When a married person dies, their estate may be subject to federal estate taxes if it exceeds a certain threshold, known as...

Overview An Estate Valuation Freeze is a financial strategy used primarily in estate planning to limit the taxable value of an estate for future estate tax purposes. This technique is particularly beneficial in the context of wealth transfer, allowing individuals to transfer appreciating assets to heirs while minimizing future tax liabilities. Detailed Explanation The Estate...

Estoppel Certificate Agreement An Estoppel Certificate Agreement is a legal document commonly used in real estate transactions, particularly in leasing and financing contexts. It serves as a formal acknowledgment by a party, typically a tenant, regarding the terms of their lease or the status of their obligations under that lease. This agreement is essential for...

Binding Arbitration Binding Arbitration is a method of resolving disputes outside of the court system, where an impartial third party, known as the arbitrator, makes a decision that is legally binding on both parties involved. This process is often stipulated in contracts as a means of dispute resolution, whereby the parties agree in advance to...

Ethical Standards for Mediators Ethical Standards for Mediators refer to the principles and guidelines that govern the conduct of mediators during the mediation process. These standards are designed to ensure that mediators act with integrity, impartiality, and professionalism while facilitating negotiations between parties in dispute. Mediators are often tasked with helping conflicting parties reach a...

Eviction Notice An eviction notice is a formal written notification from a landlord to a tenant, informing them of the intention to terminate their tenancy. This document typically outlines the reasons for the eviction, the specific lease provisions being violated (if applicable), and the timeframe in which the tenant must vacate the premises. There are...

Evidence Presentation in Arbitration Evidence presentation in arbitration refers to the process by which parties submit and present evidence to an arbitrator or panel of arbitrators during the arbitration proceedings. This process is crucial as it allows each side to support their claims or defenses with relevant information and documentation, ultimately influencing the arbitrator's decision....

Evidence Presentation Standards in Arbitration General Overview Evidence Presentation Standards in Arbitration refer to the specific rules and guidelines governing how evidence is presented and evaluated during arbitration proceedings. These standards are crucial because arbitration is often used as an alternative to traditional litigation, and parties may have different expectations about what constitutes acceptable evidence....

Exclusive Agency Listing Agreement An Exclusive Agency Listing Agreement is a contractual arrangement between a property owner (the seller) and a real estate agent or broker. This agreement grants the agent the exclusive right to market and sell the property on behalf of the seller, but it allows the seller to retain the right to...

Exclusive Right-to-Sell Agreement An Exclusive Right-to-Sell Agreement is a legally binding contract between a property owner (seller) and a real estate agent or broker, granting the agent the exclusive right to market and sell the property during a specified period. This agreement ensures that the seller cannot engage other agents to sell the property while...